Canaccord Genuity began coverage on shares of DigitalOcean (NASDAQ:DOCN) in a research report released on Monday morning, The Fly reports. The firm issued a buy rating and a $55.00 target price on the stock.
Several other research firms have also recently issued reports on DOCN. Bank of America began coverage on DigitalOcean in a research note on Monday. They issued a buy rating and a $50.00 target price on the stock. Oppenheimer began coverage on DigitalOcean in a research report on Wednesday, April 14th. They set an outperform rating and a $55.00 price objective on the stock. The Goldman Sachs Group began coverage on DigitalOcean in a research report on Monday. They set a buy rating and a $101.00 price objective on the stock. Finally, Barclays initiated coverage on DigitalOcean in a research report on Monday. They set an overweight rating and a $57.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $58.20.
NASDAQ DOCN opened at $42.96 on Monday. DigitalOcean has a 1 year low of $36.65 and a 1 year high of $46.35.
DigitalOcean Holdings, Inc operates a cloud computing platform that offers infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses in North America, Europe, Asia, and internationally. It offers infrastructure solutions across compute, storage, and networking fields, as well as managed application, container, and database offerings to developers.
Further Reading: FinTech
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